5 Reasons This Is the Best Type of Retirement Account
A health savings account offers unique advantages that make it the ideal place to park at least a portion of your retirement money.
A health savings account offers unique advantages that make it the ideal place to park at least a portion of your retirement money.
Given how common job changes are, and the need to rollover retirement savings after the fact, this is an important question. Retirement plans are now complicated on two fronts – making pre- and post-tax contributions, then splitting them after the fact between traditional and Roth IRAs to take advantage of that tax configuration. We received […]
The post Ask GFC 015 – Can You Split a Retirement Plan Rollover Between Pretax and Post-tax? appeared first on Good Financial Cents®.
Recently I’ve been getting a lot more emails that go something like this: While these emails are always a little bit unfortunate (because it means I haven’t done a great job making my investing articles easy to find), I’m actually thankful for the drop in my account value. And the even larger number of dollars […]
The post Betterment Review: Is it a Good Investment Option? appeared first on Well Kept Wallet.
There are plenty of simple ways to invest these days that can bring good long term returns, even if you’re an investing novice. Here’s how to get started.
The post Building A Better Investing Portfolio: Keep It Simple appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
Gift tax rules allow tax-free gifts up to $14,000. How does the gift tax work? Do you owe taxes on a cash gift? How much can you give before paying tax?Gift tax rules allow tax-free gifts up to $16,000. If you pass this threshold, the lifetime exclusion may still shield you from paying taxes.
The post Gift Tax: How Much Can You Gift Tax Free? appeared first on Money Under 30.
When it comes to investing for future goals, we canât always do it all, at least not at the same time. We need to make some hard choices. But the best approach may not be super clear. For example, if you have a child headed to college soon with nothing saved for his or her
The post How to Rank Your Investments: Your Financial Pyramid appeared first on MintLife Blog.
When I told readers that January would be “back to basics” month at Get Rich Slowly, the number-one request I received was to write about how to invest.
Rather than scatter investing info throughout the month, I decided to collect the essentials into one mammoth article. Here it is: all you need to know about how to invest — even if you’re a beginner.
In writing this article, I tried not to bog it down with jargon and definitions. (I’m sure I let some of that slip through the cracks, though. I apologize.) Nor did I dive deep. Instead, I aimed to share the basic info you need to get started with investing.
What follows are eight simple rules for how to invest. And in the end, I’ll show you how to put these rules into practice. First, let’s dispel some popular misconceptions.
Investing scares many people. The subject seems complicated and mysterious, almost magical. Or maybe it seems like gambling. When the average person meets with his financial adviser, it’s often easiest to sit still, smile, and nod.
One of the problems is that the investing world is filled with jargon. What are commodities? What’s alpha? An expense ratio? How do bonds differ from stocks? And sometimes, familiar terms â such as risk â mean something altogether different on Wall Street than they do on Main Street.
Plus, we’re bombarded by conflicting opinions. Everywhere you look, there’s a financial expert who’s convinced she’s right. There’s a never-ending flood of opinions about how to invest, and many of them are contradictory. One guru says to buy real estate, another says to buy gold. Your cousin got rich with Bitcoin. One pundit argues that the stock market is headed for record highs, while her partner says we’re due for a “correction”. Who should you believe?
Perhaps the biggest problem is complexity â or perceived complexity. To survive and seem useful, the financial services industry has created an aura of mystery around investing, and then offered itself as a light in the darkness. (How convenient!) As amateurs, it’s easy to buy into the idea that we need somebody to lead us through the jungle of finance.
Here’s the truth: Investing doesn’t have to be difficult. Investing is not gambling, and it’s not magic.
You are perfectly capable of learning how to invest. In fact, it’s likely that — even if you know nothing right now — you can earn better investment returns than 80% of the population without any scammy tricks or expensive tips sheets.
Today, I want to convince you that if you keep things simple, you can do your own investing and receive above-average returns â all with a minimum of work and worry. Sound good? Great! Let’s learn how to invest.
Social Security is a critical part of your retirement plan. Here’s what you must know to maximize your benefits.
Betterment’s RetireGuide⢠tool makes it simple and efficient to see just how much you’re going to need to save for retirement. Are you on track?
The post Are You On Track For Retirement? Betterment RetireGuide⢠Will Help You Figure It Out appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.